This paper provides new evidence on the effects of government spendingshocks and the fiscal transmission mechanism in the euro area for the period1980-2008. Our contribution is two-fold. First, we investigate changes in themacroeconomic impact of government spending shocks using...

This paper assesses the role of sovereign risk in explaining macroeconomic fluctuations in Turkey. We estimate two versions of a simple New Keynesian small open economy model on quarterly data for the period 1994Q3-2008Q2: a basic version and a version augmented by a default premium on...

The analysis of postural control has a long history. Traditionally, the amount of body sway is solely used as an index of postural stability. Although this leads to some extent to an effective evaluation of balance performance, the control mechanisms involved have not yet been fully understood....